MedCity News highlights the urgent need for #healthsystems to develop efficient strategies that balance improved patient outcomes with financial health. 🔗 https://lnkd.in/g37Fq8b8 The #healthcare industry is ripe with #innovation opportunities, especially for startups building solutions that directly impact the financial health of healthcare providers. What should #healthtech founders prioritize? ➡ Ensure that whatever they build can integrate with and complement existing workflows and do not add undue administrative burden. ➡ Leverage AI to drive efficiencies across diagnostic processes, care modality navigation, and treatment plan matching, thereby alleviating staffing strains, reducing costs, and improving patient outcomes. ➡ Prioritize revenue generating levers such as patient engagement and throughput, promoting higher appointment booking, attendance, and consistency around participation in the care process. ➡ Develop patient-centric care models that emphasize accessibility, which may come in the form of remote/ hybrid care, culturally/ racially specific solutions, and improved flow of information.
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Naomi Goez and Michael Cardamone recently wrote an article for MedCity News highlighting the critical areas where healthtech founders should concentrate to drive innovation and financial health in healthcare systems. There is an urgent need for health systems to develop efficient strategies that balance improved patient outcomes with financial health — here are three areas to focus on. 👩⚕️ Staff Management: Focus on solutions that enhance nurse staffing flexibility and improve retention through innovative staffing marketplaces and investment in clinical education. ⚙ Operational Efficiency: Develop AI-driven tools that streamline hospital operations, reducing patient stay lengths and improving care coordination. 🤒 Access to Care: Expand telehealth and hybrid care models to increase healthcare accessibility, particularly in underserved areas, enhancing patient outcomes and hospital revenue. #Healthtech startups that address these pillars effectively, and enable a balance between financial sustainability and exceptional patient outcomes will become extremely attractive when selling into to healthcare systems. https://lnkd.in/g37Fq8b8
Unraveling Healthcare Innovation Spend: Where Healthtech Founders Need to Focus - MedCity News
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Unraveling Healthcare Innovation Spend: Where Healthtech Founders Need to Focus – MedCity News - MedCity News #HealthcareInnovationSpend In a recent blog post on MedCity News, the focus is on unraveling healthcare innovation spend and where healthtech founders should direct their attention. The post highlights key areas that are crucial for success in the healthcare IT industry. #CurrentTrends The blog post discusses current trends in healthcare innovation spend, shedding light on where the industry is heading and what areas are seeing the most growth. Understanding these trends can help healthtech founders make informed decisions about where to focus their efforts. #KeyInvestmentAreas One of the key takeaways from the post is the importance of identifying key investment areas in healthcare IT. By pinpointing these areas, healthtech founders can allocate resources more effectively and increase their chances of ai.mediformatica.com #health #healthcare #medcity #staff #outcomes #hospitals #news #patientoutcomes #acce #management #this #healthsystems #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/3VWlDof)
Unraveling Healthcare Innovation Spend: Where Healthtech Founders Need to Focus - MedCity News
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Medical Director, Health VC Advisor, Virtual First and Remote Patient Monitoring (RPM) Advisor with keen focus on Innovation in Healthcare
Where innovation and innovators need to focus! 1)staff management 2)operational efficiency 3)access
CEO, Federation of State Medical Boards | Public Health | Voice of Medical Regulation | Diplomatic Leadership | Past: NYU, NYIT, USAF Flight Surgeon, Harvard
Patient expectations are rising, and are likely to only increase as healthcare systems adopt more innovative technologies. But what does this mean for innovators? It's not just about new tech - it's about building trust and understanding the needs of those on the frontlines. #HealthCareInnovation #PatientFirst #HealthTech
Unraveling Healthcare Innovation Spend: Where Healthtech Founders Need to Focus - MedCity News
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CEO, Federation of State Medical Boards | Public Health | Voice of Medical Regulation | Diplomatic Leadership | Past: NYU, NYIT, USAF Flight Surgeon, Harvard
Patient expectations are rising, and are likely to only increase as healthcare systems adopt more innovative technologies. But what does this mean for innovators? It's not just about new tech - it's about building trust and understanding the needs of those on the frontlines. #HealthCareInnovation #PatientFirst #HealthTech
Unraveling Healthcare Innovation Spend: Where Healthtech Founders Need to Focus - MedCity News
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Why do Hospitals' Tech Pilots Fail? As healthcare technology develops rapidly, hospitals continue to try out new tools by launching pilot programs. However, many of these pilots don't go as planned. As we all know, failing is the best way to improve, and that also applies to healthcare technology adoption. Justin R. Brueck, the Vice President of Innovation and Research at Endeavor Health, shared three main reasons technology pilots are often unsuccessful in health systems. 1. Unclear of the problem that needs to be solved: 💠 Articulate the specific problem that the new tool/software is addressing 2. No engagement with the frontline clinicians: 💠 Engaging with the clinicians who will use the technology is essential for understanding the goal of the new pilot and providing the best care for patients. 3. Lack of motivation from the clinical team. 💠 Find opportunities that excite the clinician team since tech pilots usually require clinical buy-in to be successful. Understanding the patient needs and providing ways to empower your team launches your tech pilots into the future, allowing for successful technology adoption and better patient care. Thank you to Justin R. Brueck and Katie Adams for this insightful article. #healthtech #healthsystems #technologyadoption #frontline #healthcare
The Top 3 Reasons That Hospitals’ Tech Pilots Fail - MedCity News
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The global healthcare industry is undergoing a significant transformation, with AI in healthcare poised to grow from $11 billion in 2021 to over $188 billion by 2030. Virtual care is a promising sector, expected to reach $69.35 billion by 2028. This Forbes piece highlights Virtual Care Rehab Inc., a company pioneering a holistic approach to rehabilitation that integrates in-person care and advanced health technologies. Their services cover psychotherapy, physical therapy, dietetics, and more, providing patients with comprehensive healthcare solutions at home. https://bit.ly/3Q20bK3 We're excited about the future of healthcare, combining traditional care with cutting-edge technologies! #aiinhealthcare #digitalhealth #virtualcare
Why Is Virtual Care Rehab Modernizing Healthcare In Leaps And Bounds?
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DigitalHealth.London Innovation Spotlight: Primary Care – DigitalHealth.London - DigitalHealth.London #InnovationSpotlight: Primary Care #DigitalTransformation in Primary Care Primary care is undergoing a digital transformation with the adoption of new technologies to improve patient care and streamline processes. #Challenges in Primary Care Despite the benefits of digital transformation, primary care faces challenges such as interoperability issues and data security concerns. #Key Innovations Innovative solutions like telemedicine platforms, electronic health records, and patient portals are revolutionizing primary care delivery. #Benefits of Digital Health Digital health technologies in primary care lead to improved patient outcomes, increased efficiency, and better communication between healthcare providers and patients. #Future Trends The future of primary care will see continued advancements in digital health technologies, personalized medicine, and data analytics to drive ai.mediformatica.com #london #digitalhealthlondon #innovation #accelerator #digitalhealthlondonaccelerator #programme #webinar #acceleratorprogramme #casestudies #highlighted #learning #caresettings #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/3PqAELc)
DigitalHealth.London Innovation Spotlight: Primary Care - DigitalHealth.London
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Building trust and credibility is key to unlocking successful partnerships for #healthtech innovation 🗝 Our CEO and Founder, Dr Owain Rhys Hughes, explores some of the ways this can be achieved, and the importance of nurturing collaborative, long-term partnerships when delivering tech to the #nhs, in Simedics (The Journal of mHealth) 👇 Link to article in the comments below 🔗 #collaboration #digitalhealth #healthcareinnovation #healthcare #healthinnovation
How to Build Trust and Credibility for your HealthTech Tool as a Market Challenger in the NHS -
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In this Health Tech World article, our co-founder and CEO (Carmelo Insalaco) explains how healthcare operational efficiency is going to improve this year. Published as part of Healthcare Predictions for 2024, he explains how automated clinical triage is going to be a major contributing factor in releasing primary care capacity. And further, how those that embrace it, will be offering 15 minute appointments (as recommended by the BMA) for the benefit of patients, as well as the rest of our overstretched healthcare ecosystem. Find out more by contacting us through www.rapidhealth.ai/contact. https://lnkd.in/gt2FgTcq #primarycare #generalpractice #nhs #nhsengland #nhsdigital #primarycarenetwork #patientaccess #healthcare #triage #carenavigation #automatedclinicaltriage #healthcarepredictions2024
Health tech predictions for 2024
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Health Outcomes Research | Pharmacoepidemiology | Health Economics | Digital Health | AI in Healthcare
Amidst a shifting macroeconomic landscape, platform-enabled ecosystems are paving the way for a revolutionary approach to health care, promising innovation and resilience in the face of funding fluctuations. The focus on platform-enabled ecosystems as a significant driver of future growth suggesting a paradigm shift away from traditional business models towards more integrated, patient-centric solutions that promise to enhance care delivery and outcomes. The importance of strategic investment and collaboration among all stakeholders and healthcare researchers in the health tech ecosystem is crucial to realize the vision of more efficient, equitable, and patient-centered health care. https://lnkd.in/ej-qkFgY
Health tech trends: Technology and platform-enabled ecosystems could change health care
www2.deloitte.com
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